UPDATES

Breaking news about the Nxt crypto currency platform. Nxt is developing innovations in the field of Financial Cryptography but also aiming to built an Anonymous decentralized internet. Nxt is drawing from diverse disciplines including Accounting and Auditing, Programming, Systems Architecture, Cryptography, Economics, Internet, Security, Finance, Banking, Risk, Marketing and Distribution, and Central Banking.

Thank you to everyone who has supported our team and the Janus project. We have come to a decision that it’s best for all parties to end the token sale as it stands in it’s current form. We have added an option in your accounts to save a BTC or NXT address on the site that will be used to send refunds back to you. The Nxt Foundation will then receive information about the amount you deposited, and the wallet address you supply to send your investment back. You’ll have up to 45 days to make the request, but we ask that you make it a priority so we can get this finished in short time. Visit www.janustoken.com and log into your account to add your refund addresses.

Those who wish to stay with our team and business goals can still share in our future to some degree.

We’ll be actively in development of the sites described in our white paper, and as such will release Janus tokens on the NXT Asset Exchange in intervals.

One of the suggestions from the community was to allow for a staggered investment cycle in order to show business progress and launch over time. This way will allow those who did not purchase Janus initially, to still have a chance to take part in our mainstream global business success. Instead of dividends, our team will use site revenue to perform unscheduled buybacks to reduce supply and help appreciate token value. (People unfamiliar with our business in the blockchain industry, please research https://betterbets.io )

We’ll keep all Janus users aware of progress and announcements via this thread, slack, and social media where applicable. Our team is much better at creating great sites and businesses than selling out ICO’s so this is the best way to show it through action and development.

Yours in business,

The Janus team

**We’ll be gradually adding buy support over time to prepare for proper valuation when Janus is announced on more exchanges.**

Today, on October 13th, at block height 1000000, or 42 days before the Nxt blockchain’s 3rd birthday, the Nxt 1.0 -> Nxt 2.0 snapshot period came to an end, and 998.999.495 ARDR assets were automatically distributed to all accounts which had held any amount of NXT since the first snapshot was taken 3 months ago.

For every 1 NXT which has stayed in your account since the first snapshot, you’ve received 1 ARDR asset. If you’ve been a NXT hodler for half the period, you’ve received 0,5 ARDR per NXT. (For information about the distribution model read this)

ARDR assets have been distributed to all NXT-holding accounts on participating centralised exchanges and now need to be distributed among the exchanges’ customers.

The Nxt team writes:

The distribution method used will depend on each respective exchange’s internal architecture, so the Nxt team and community can’t provide a universal solution for Ardor distribution within exchanges.

Poloniex, Bittrex, HitBTC, BTC38, etc., must be contacted directly by their customers for more information about their distribution method, if you haven’t yet received your ARDR.

HitBTC was the first centralised exchange to open a BTC < > ARDR market, but more exchanges are expected to follow soon. As most NXT-exchanges have active Nxt asset markets going too, it will be very easy for them to add ARDR.

Next snapshot – IGNIS

One snapshot remains – if you want to get full value for your NXT.

Ignis will be the first child chain, which is guaranteed to get launched on the Ardor platform. In Nxt 2.0, Ardor is the token used for creating consensus and Ignis will be the first transactional token. It will be created at the Ardor Genesis block. Free Ignis tokens will be distributed with a ratio of at least 1:0.5 to all NXT-holders at Genesis. A last snapshot of the Nxt blockchain will be taken just before that, so Ignis can launch together with Ardor.

Ignis will inherit all the current Nxt core features, but will be have others added and be further developed by the Nxt development team. The snapshot will be taken in Q3 2017.

And the unparalleled Nxt platform?

jean-lucThere will be small businesses and end users who don’t need, or can’t afford, a private blockchain. Those will continue using Nxt, or start a child chain on Ardor.

rikerWe can use the funds we receive from private chains to promote the development of the public chain which will in turn provide marketing and public relation for NXT/Ardor and bring us more private chain business.

ipsec [9:08 PM]Now its very risky to invest NXT and ADROR…..because after 13 price of NXT will down

jean-luc [9:09 PM]Everybody expecting a dump after 13th… then everybody would sell before 13thmy guess is, the dump has already happened, but then I am not a trader.If you dump, what else would you buy that has better “incentive structure”?

And that’s the case. If Nxt is not the platform to start coding your new Ardor Nxt 2.0 projects on, then which?

With the Nxt Foundation marketing it, with an educational book about Nxt 1.0 coming out soon, with businesses rushing in to get into the best blockchain tech before the technology itself disrupts them…. will it be wise to sell NXT?

Jean-Luc:

We have projects using the public Nxt blockchain which will need to be supported for at least the next 2 years and probably longer. We’re also in the process of bringing in more core devs for Nxt as well as for Ardor, with the aim of establishing 2 semi-independent core dev teams.

There has been lot of public FUD and confusion about all of this, so I hope this clears up any questions or doubts that you may have about the future plans for Nxt and Ardor.

In doubt? Get involved.

DeBuNe is currently looking for extra developers to join their distributed team. m19: “We are creating our own custom version of NXT/Ardor and some of the changes you make might even end up in the core, we are in no way competing with them but instead actively supporting it.

https://nxtchat.slack.com/messages/job-offers/mentions/

LQD asset CEO libertynow [2:37 AM]: “If NXT goes below the Oct 4 bottom at 1667 I’ll start getting worried. well, not really. i don’t care that much. I can just use the NXT for divs if I really need to”.

On October 07, 2016, Damelon announced the incorporation of Jelurida BV, a new startup software development company consisting of Nxt core developers Jean-Luc, Riker and Nxt Foundation member, Damelon.

Jelurida BV, as holder of the intellectual property rights for the Nxt software and the Ardor platform, aims to create a sustainable and thriving business around the Nxt ecosystem by providing software licenses, maintenance, and services to a new breed of blockchain-based applications.

The ninja announcement of a “Nxt company”, and the fact that the lead developers of Nxt and Ardor were going to monetise their services and IP naturally sparked discussions in the Nxtchat Slack channel. Damelon posted a few answers, but asked the Nxt community to save their further questions for a Q&A session with the core developers, which was to be kicked off Sunday.

martis [2:09 PM]

so Nxt became a company?

Damelon answered (before the Q&A):

damelon [2:10 PM]
No, the devs are in a company now (including me, who is also on it). I am managing director. It’s a Holding with two separate BVs contained in it. There is a BV that holds the IP and a BV that is “active” and signs.

The main purpose is to ensure that the code is protected, and secondly licensing to generate a cash flow. The direct benefit is continuity and more possibilities to actually partner with companies. That benefits the community and holders. Even if licenses are sold for private chains, this means the devs are funded which means they can continue to work on the code without having to hold down other jobs. It also allows us to grow the developer pool with quality people which also benefits the code and users.

The way we want to create value for holders is by ensuring we deliver value in the form of the software and in attracting customers and users to the platform. It’s another step in professionalizing and it’s also a big step towards making sure Nxt and Ardor will be sustained into the future. The Nxt code is and still will be under GPL, so public chain use is not affected.

Also, this is about the IP mostly. The devs do not want to let the copyright out of their hands. Handing it over to the Foundation would leave them at the mercy of other people. Having it consolidated in their own company allows them to keep control in situations where it’s needed, like when licensing is involved.

The Q&A

The Q&A session took place in nxtchat.slack on October 09, 2016, 20:00-21:46.

This is a summary of the event. All questions about expected ups and downs in price and “how to use Ardor” have been removed from the summary. For a general FAQ about Ardor, the Ardor token ARDR, and Ignis distribution you can visit the FAQ thread on Reddit.

Ardor

jean-luc
development is on track, but it takes time. schedule is unchanged for now. nothing has changed really in the project direction, or our plan for ardor.

riker
We feel good about the project direction and we do enjoy our work.

jean-luc
it is a challenge to keep the code simple. the code is based on Nxt, intentionally so that to minimize bugs, but I have started some refactoring which makes further merges from the 1.0 codebase harder.

Jelurida

jean-luc
Jelurida plans to make money from licensing, support, and consulting

legs11
Any chance of us buy into this company at this early stage ?

jean-luc
it is a private company, the general public can’t buy into it

durerus
Who owns how much percent of the company?

jean-luc
This information is confidential.

durerus
Can you describe what a paying customer would get?

riker
License to change the NXT core code for their purpose. License to use a private blockchain. Maintenance, support and consulting.

Many organizations will never use a public blockchain because of regulatory issue or confidentiality. We would like to get into the private blockchain niche

josenxt
Doesn’t ComeFromBeyond, for example, have anything to say about this?

jean-luc
CfB has written code under the MIT license only. The developers who have contributed code under the GPL have transferred their copyright to Jelurida.

as we speak, banks and financial companies are cloning Nxt and using it privately.
By getting them to pay for it, we plan to make future Nxt development self sustainable

apenzl
Which IP rights are Jelurida going to “protect”?

riker
People are currently copying NXT left and right, even if they want to pay for NXT they didn’t have whom to pay. If they don’t pay, we can now go after them. That what it means to protect our rights.

jean-luc
In the absence of a single legal entity which owns the copyright, it is hard to enforce the GPL, we have seen examples of it being violated by companies who know there is no one to sue them

conversely, if a company does want a commercial license, and is willing to pay for it, it is hard to do legally without a single legal entity that has the copyright, as the case was until now.

Jelurida for investors

durerus
So you wanna get into private blockchain niche. Can you tell us why this is good for investors in the tokens ARDR, NXT and IGNIS?

riker
We can use the funds we receive from private chains to promote the development of the public chain which will in turn provide marketing and public relation for NXT/Ardor and bring us more private chain business. We hope to obtain such eco-system which provide win-win situation both for the public token investors and private blockchain customers

kasp
it doesnt seem fair for the token holders honestly, lets say you are now investing 60% of DEV in private chains and earn decent revenue, how are devs still motivated to work on NXT/ardor + it will only slow down progress

riker
I think we have to realize that the current model of using community funds/donations to promote NXT does not work. This new model has much better chance.

Again we hope to generate positive feedback in which private blockchain profits are used to promote the public blockchain which in turn supports the private blockchain

bidji
Current system is not sustainable, dev need to earn money.

But i’m afraid the incentive to work on the public chain will be too low. Imagine you are successful and you have a lot of contracts to build private blockchains. Since you get paid for it you have to focus all your ressources on those contracts. What happen to the public blockchain in that time? it will be put aside. Basically there is a conflict of interest between successful public blockchain and successful private business. What do you think?

riker
We won’t be able to sell private blockchains unless we have a successful public chain. We all realize this. NXT promoted Jelurida and Jelurida will promote NXT. The challenge is to create a win/win situation and we need your support for this.

willtate
I think better public relations would go a long way to bringing in customers as well as new devs. Is any more activity in this department planned for the near-term?

riker
Yes, not sure we can share concrete plans at the moment. We’ll start with a website and all the marketing materials expected from a startup company

logan
Will you inform the community about new deals etc?

riker
As a private company we probably won’t share everything publicly. We may issue press releases on signed deals etc

vprf
If I am a company in need of a private chain. Why use NXT/Ardor/etc… over a different crypto?

riker
(1) POS is much better suited for private chain then POW
(2) You can develop in Java and not in some weird scripting lang (i.e. ETH)

vprf
Why not Lisk then if Java and POS?

riker
We have 2 years advantage and we have a more experienced dev team

vprf
I would rather deal with real people with real names. Just sayin’

riker
Jelurida has public directors listed in the Dutch trade registry. The identity of the actual developers has no significance the same way you don’t know who are Java developers but you trust Oracle to support Java.

Don’t you know Bas? Didn’t you watch my latest presentation?

wolffang
Will the private blockchains be made with nxt now and later with ardor blockchain or always nxt?

riker
For now private chains will be based on NXT of course. We will probably transition to Ardor when it’s stable enough

jean-luc
depends on demand, but Nxt 1.0 is tried and tested technology, and Ardor is an overkill to use as a private chain for a single company. Most of the Jelurida private blockchain customers would not need the complexity of Ardor, with its multiple child chains.

Hiring devs

almonte
Now that you have settled down a company, are you thinking about recruiting more developers in the near future?

jean-luc
yes, but it is a chicken and egg problem… hard to recruit developers until we have at least few paying customers

if we get serious demand for private chains, we would also get licensing fees and income that allows us to hire more developers

josenxt
How is Jelurida going to encourage new devs to join the development team when they know for sure that their work won’t be credited? Just for the money Jelurida will pay them? Will all the new devs be writing code for Jelurida and not for the Nxt community from now on?

riker
Jelurida intends to either pay salaries or give shares to compensate developers (perhaps both). Some of the code may be developed as closed source code and some will be shared with the community.

In the future there will millions of blockchains some public some private we want as many as possible to be based on NXT.

jean-luc
new developers after short training would be dedicated to support and feature development for private chains first, so that the more experienced core devs can focus on Ardor

Jelurida and the Nxt community

rubenbc
how is Jelurida going to support the community if it is a private company?

logan
I can see the Promotion effect of public chains for private chains.. but i dont see it for the other direction. Why should Ardor get more value if a Company will use the tech behind it? That makes no sense to me.

riker
I hope that Jelurida and the NXT foundation will share the profits

farl4bit
How do you encourage the community to continue to work as a volunteer knowing that their developers and the leader of the foundation may be working for private solutions?

riker
Would you like the devs to work for free or almost for free forever? Jelurida will work together with the community to advance NXT/Ardor and make it into a sustainable business

wolffang
What is the role of the community in this new situation? Can happen that People now leave that were good contributors. How to prevent it.

riker
Jelurida will open up doors for NXT activists to get real paying jobs in dev, consulting, support, training

josenxt
Would you like the rest of the Nxt community to work for free or almost for free forever AND FROM NOW ON to make bigger a private company like Jelurida? :point_left: It could be seen this way

riker
If Jelurida is successful there will plenty of funds to pay everyone.

Final words

josenxt
Will we see in 6 months from today another big surprise (like Jelurida’s) which is currently being cooked behind the scenes?

jean-luc
hopefully sooner

Wolffang
@riker when is the nxt mobile app release planned?

riker
It’s ready for initial testing but we want to get Jelurida and the Ardor token distribution first

riker [9:43 PM]
Enough for today ?

farl4bit [9:46 PM]
@riker @jean-luc Thanks very much! I am looking forward to more of these sessions.

The program is fully functional and runs a lottery every Sunday [1].
It was originally written in PHP, both sources are available for download from the Nxt Data Cloud [2].

Application logic

Data feed for this app is ‘tickets’ submitted by users in attachments.

A lottery player sends 10 NXT to the lottery account and attaches a public unencrypted message with a string of 5 numbers, ranging from 0 to 30 separated by commas. The attachment must be unencrypted for rewards to be publicly auditable using the blockchain.

The app makes a request to the NXT server to fetch all transactions from the lottery account, sorts through them, selects only valid transactions and creates a slice of maps (multidimensional array in PHP) of players’ accounts and their strings of numbers. It also calculates the total sum of NXT payable to the players from the sums of all valid tickets.

Upon receiving all the valid data the app runs three rounds of the lottery. Each round receives a portion of the total payable sum, split between concurrent winners. In the round of 5, the app finds user(s) who have correctly guessed 5 numbers, and sends out rewards. In the round of 4, the app does the same for users who have guessed 4 numbers, the slice of participating tickets is now short of winner(s) of round of 5. Rinse and repeat for the round of 3.

This is the gist of it.

A little bit on internals

For each of the three rounds the lottery generates sequences of 5 numbers and compares them to the strings of numbers in tickets until one or more winners are found. It can be said that the lottery “forces” the winning sequence onto ticket(s).

With a limited number of users this seems to be the only sensible way of running a lottery and not having to collect and keep a large jackpot for months and years.

Let’s take a look at the function that generates sequences of 5 numbers and returns an array of them to caller function. On average, this function is called hundreds of thousands of times to find the sequence of 5 matching one of the tickets, when we have a very limited number of participants. It takes fractions of a second. In PHP it takes a tiny bit longer (a second or two), although PHP 7 performance is really good.

An important characteristic of a blockchain lottery app is: it must be completely trust-free.
Everybody must be able to validate that results of the lottery haven’t been gamed. A logical and simple solution to this is to generate sequences of numbers with a deterministic seed.

The problem with deterministic seeds: if they are known in advance, sequences of numbers can be predicted and the lottery can be gamed. To address this problem we turn to the Nxt blockchain again, to find a source of seed with a getSeed() function.

The first thing it does in the getSeed() function is to fetch the block id of the block which was generated 10 blocks before the app started (as seen in a local copy of the blockchain on the lottery node) and take the 5 last digits of the block id as a seed. Due to network latency and occasional blockchain reorganizations of 1-3 blocks, the lottery node may not see the same block as other nodes. The number 10 for getting the block for seed was chosen to be reasonably sure that block would not be reorganized.

It can be argued that there is a theoretical possibility that the block id is predictable. The odds of this are tiny in my opinion but I’ll leave it to the readers to debate and decide.

Now that the app has its seed, it can do its job in a way so users don’t need to trust the lottery host.

The Go source code doesn’t include the routine to verify past results.
The PHP source code does have it, it is fully functional and can be used to independently verify all past results with the deterministic seeds from the blockchain.

For Go I use this function to send queries to the Nxt Server and return results.

Now that ‘validPlayers’ has all the good tickets we can start the game.

process() receives an integer (5, 4, or 3) and other parameters, including validPlayers and runs three rounds of the lottery. It makes a call to getWinners() function, that one calls genFive() to generate sequences of numbers until at least one winner is found. getWinners() returns results to process() which sends out reward, removes the winner ticket from eligible tickets and returns remaining tickets into main() for subsequent rounds. There is a helper function preparePlayers() which recreates validPlayers without the empty spots freed by the removed tickets.

I encourage every programmer to try coding on the Nxt blockchain. It is very easy with its rich API hooking into all the functionality of the core engine. https://nxtwiki.org/wiki/The_Nxt_API

My next app will probably be a poll app, with immutable records of votes saved into the blockchain. Do you think an app like that can find usage in the modern world? By the way, Nxt has its own built-in Voting. It’s too easy to forget what Nxt has, because it has so many features and all those features are accessible through API, kindly programmed by the core developers for userland. You can ‘mine’ your first NXT coins to send transactions in the Lucky node project running a public node, come to nxtforum.org and you will find out how.

2.
To access Nxt Data Cloud, download and install the NRS (Nxt Reference Software 1.10.1) and search by ‘lottery’ keyword. Source code can also be downloaded from any of the public Open API Nxt servers, for instance:

egalodon has come forward with The Forging Bootstrapper initiative;
an account holding 5M NXT, which will be distributed randomly among Nxters forging to help run and secure the Nxt network. The Forging Bootstrapper wants to make it more profitable to forge and run nodes, and thereby build a stronger decentralised Nxt / Ardor network.

‘Forging’ is Nxt’s equivalent to PoW mining. Nxt mining uses a deterministic lottery that grants the right to mine (forge) the next block. With a minimum balance of 1000NXT you are eligible to win the lottery, and thereby earn all the fees inside the blocks you produce. The winning ticket is picked at random, but if you buy several tickets you multiply your chances of winning. Your probability of winning is the number of tickets you bought divided by the total number of tickets sold to everyone participating in the lottery. The probability of winning the forging contest is your NXT balance divided by the total balance of NXT forging throughout the network.

Megalodon writes:

Forging Bounty Lottery campaign managed by Forging Bootstrapper account NXT-HH9F-JMRB-6HRD-HD5ZW is designed to reward active forgers. Transactions with exceptionally high fees will be sent randomly (but not frequently) from the start of Ardor snapshot until the account balance is zero. The lottery is skewed in favour of accounts with smaller forging power. Mining pools are also eligible for this campaign. To increase your chances in the lottery, please identify yourselves here. Thank you.

This campaign is managed such that it is expected to run for some time after Ardor chain is live. Ardor tokens distributed to this account will be rewarded to Ardor forgers while the remaining NXT will continue to be rewarded to Nxt 1.0 forgers even after Ardor is launched.

Some large accounts have opted out of this campaign. Please note that “Lottery Transactions” may accidentally be forged by opt-out accounts due to the non-100% certainty of forging order.

No matter the size of your stake you should forge, either by yourself or by leasing your account balance to a Nxt forging pool. Leasing your balance is of no risk to you. When leasing, you maintain full control of your NXT – the pool simply receives your “effectiveBalance” which is your current forging power. The pool cannot do anything with your NXT account or balance. When you sell/buy NXT during an active lease, what happens is your contribution to the pool is automatically adjusted in the NXT protocol.

You can forge if you’ve had more than 1000NXT in your account for more than 1440 blocks.

All you have to do to forge is start your NXT client, log in with your private key and it will begin forging. There will be a green forging indicator. You forge when you are online.

With the leasing feature it also takes 1440 blocks (24 hours) from you hitting the “lease”-button until your NXT-stake is actively forging in the account/pool that you lease it to. If you’re often offline, leasing your forging rights to a pool may be a good idea, as forging pools are often forging 24/7 365.

How do I lease my forging balance?

Start your Nxt Client, log in with your passphrase.

Click your account balance.

Click the “Account Leasing” tab.

Click “lease your balance to another account”.

Insert the account you wish to lease your balance to.

Set for how long you want to lease your balance under “period” (it’s expressed in blocks: 1440 blocks = 24h). Default is set to max; 65535, a lease of 65535 blocks is about 46 days.

If you want to leave the pool before the expiration time you’ve set, you can transfer your NXT to another account under your control, forging rights are then transferred to this account. If you transfer the full balance, a balance of 0 NXT will stay with the pool until the leasing period ends.

Who can I lease to – what are my options?

You can lease your balance to a forging pool that:
– pays out all of your forged fees to you or
– donates your forged fees to projects that they select or
– keeps the NXT forged (you personally want to support with your forging fees).

You have to trust the pool to distribute your share to you, as the forging fee stays with the pool.

“Lucky Node” lottery

Lurker1 writes:

Now with this lottery you can ‘mine’ coins running a public node on your computer. I think it’s important to reward 0 weight nodes of newbies who set up their first node and want to earn some coins. You get bonus coins for:
* hallmarking your node and having weight>0;
* open API
* open API_SSL
* running an archival node

A random number of NXT coins will be sent every 2 hours to a random node.

To participate in the lottery you must put your NXT address in the nxt.myPlatform property, into the nxt/conf/nxt.properties file.

nxt.myPlatform=NXT-XXXX-XXXX-XXXX-XXXXX

For OpenAPI configuration you must have these set:
nxt.allowedBotHosts=*
nxt.apiServerHost=0.0.0.0

optionally increase the value of nxt.maxNumberOfInboundConnections to make your node more available to peers and increase your odds:
nxt.maxNumberOfInboundConnections=500

and finally restart your node for configuration changes to take effect.

Optionally hallmark your node to get extra bonus for weight>0 on top of lottery prize.

NXT-8F28-EDVE-LPPX-HY4E7 is my address from where coins will be sent, don’t put it in myPlatform property. I’ve funded it with a small amount. When it runs out, I hope a whale can contribute little amounts from time to time to keep this lottery going.

Megalodon added:

As this lottery falls within the overall objectives of the Forging Bounty Lottery campaign, it will be supported via donations from Forging Bootstrapper account NXT-HH9F-JMRB-6HRD-HD5ZW. (To receive rewards from both, you need to run a public node AND forge).

Hallmark and earn NSC (Nxt Security Coins)

A hallmark is a stamp of approval for a Nxt node. By creating a digital signature based on your IP address and secret passphrase, you are verifying that your account ‘owns’ a node and is accountable for it. This helps protect the network from attack, and increases the network’s trust in your node.

As well as receiving extra rewards from the “Lucky Node” lottery by hallmarking your node you will also earn NSC (Nxt Security Coins), a reward coin based on the Nxt Monetary System and created to promote growth and security of the Nxt network. NSC coins can be sold for NXT in the MS Exchange booth.

abctc writes:

MS NSC distribution for hallmarked nodes
– Minimum NRS version : latest and second to latest main release + latest experimental release if presented
– Our node must have seen your hallmarked node, please make sure you have these node in your config “nxt.wellKnownPeers=nsc.nxt.org”
– You can check where your node is active or not: http://nsc.nxt.org:7876/nxt?requestType=getPeers&active=true
– Hallmark check is performed many times per day to ensure we capture as many hallmarks as possible. Captured Hallmarked nodes are saved into a database for use during the fortnight distribution. You can see them here: http://nsc.nxt.org/
– The distribution takes place fortnightly.
– How much MS NSC you earn* depends on the stake you have in the NXT community!
– less than 1000 NXT: 0.02 NSC per day per node (for the small stake holders/ node owners)
– 1000 – 9999 NXT: 0.5 NSC per day per node (normal)
– greater than 9999 NXT: 3.5 NSC per day per node (more trusted nodes)
* Please note, that NSC will be sent every 2 weeks with the bottom line of 20 NSC (to reduce fees). If you’ve earned lower than 20 NSC, they will be transferred to the next 2 weeks’ round.

The value of an NSC coin is decided by the community (hint: please help by submitting buy offers on Nxt Monetary System Exchange Booth and/or not selling all of the NSC that you are distributed)! The issuers will never sell issued coins!

Megalodon writes:

This long-running campaign managed by abtc and EmoneyRu using the Monetary System coin NSC exclusively reward hallmarked nodes. Forging Bootstrapper account NXT-HH9F-JMRB-6HRD-HD5ZW will also be supporting this campaign by putting up occasional buy offers that are significantly higher than existing offers.

To benefit from all 3 campaigns, you’ll need to run a public node AND hallmark it AND forge with your NXT balance.

ARDOR is brought to you by the core development team from Nxt. After years of building and testing the Nxt platform, the team is going to involve the public even more. As the first Blockchain 2.0 platform, the community has continually improved Nxt and now looks forward to release Ardor for companies, organizations, and of course, users.

ar•dor(ˈɑr dər) n.

1. greatwarmth of feeling;fervor.

2. intensedevotion;zeal.

3. burningheat.

Also,esp.Brit.,ar′dour.

The Nxt core dev team is letting anyone get into the blockchain space with a new child chain platform, ARDOR, which will incorporate the technologies proven for years by the Nxt 1.0 cryptocurrency and blockchain. Soon, anyone will be able to create their own solutions using the blockchain technology with the Ardor child chains.

Nxt is undergoing a dramatic evolution. Research by the Nxt team has led to Ardor, a platform that uses child chains and incorporates all of Nxt’s latest blockchain innovations while being backed by the core developers of Nxt. Ardor is more than just about money: It’s about making a blockchain platform that is open to everyone, from single users all the way up to FinTech startups and governments, and one where anyone can create their own child chain and interact with the whole blockchain ecosystem. That means anyone, anywhere, will be able to utilize blockchain services with relative ease.

We can’t give away too much until the final features of Ardor are tested repeatedly.

A few of the features coming with the new Ardor release:

Blockchain as a Service

Ardor will open blockchain development to organizations and individuals across the world. The high barriers to getting started with blockchain are about to vanish.

Manageable Blockchain Size

Ardor will solve the problem of scalability by separating transactions and data that do not affect security from those that do, and moving all of those that don’t affect security onto child chains. The Ardor team will create the first child chain to house many Nxt 1.0 tools as well as future features. This small size also comes with short transaction times so processes need only a fraction of time compared to Bitcoin to execute functions.

A Decentralized Asset Exchange

Building off of the Asset Exchange on Nxt, Ardor will enable the ability to trade assets on any child chain for any of the child chain tokens. This allows child chains to interact with each other and opens up numerous opportunities for collaboration as well as allow cross chain asset trading, a long-requested feature within the Nxt ecosystem.

Decentralized Voting and Governance Systems

Ardor will be at the core of decentralized consensus in the future. Secure and anonymous voting will be an available feature on all child chains as it is on the Nxt platform.

Phased Transactions

Users can set multiple conditions before a transaction is executed, such as a minimum number of votes and a set amount of time. Like Nxt, Ardor will use Smart Transactions. With this, users will only need to submit the parameters necessary for the transaction and the ID of the functionality they want to use. The transaction process is also completely decentralized. No centralized server, service, or application, like Ethereum’s Oracle, is needed.

“Rather than providing smart contracts, NXT is focused on implementing the important use cases and functions directly into the core of both Nxt and Ardor. This approach has proven to be scalable and secure and will become more so when Ardor is released” – Riker

These are a few of the things Ardor will give you and the cryptocurrency community. As development continues and testing is finalized, you’ll get a detailed analysis of each of the new tools, as well as the core features built into Ardor. We’ll also reveal, step-by-step, a list of our partners and what they’re doing with our technology.

This is all possible because of new developments within the Nxt community. Decision-making and planning is becoming more professionalized. The community and team structure are adjusting to the new demands while the Nxt and Ardor technology remains entirely open source. Ardor is more than a cryptocurrency – it’s a blockchain platform specifically designed to let anyone build decentralized tools with the latest innovations in blockchain technology.

How to get Ardor

You’ll be able to participate in Ardor right away. As Ardor continues testing and development, Nxt 1.9 will be released. With Nxt 1.9, you’ll getyour first chance to own a piece of Ardor. All those who hold an amount of NXT will also get a piece of Ardor. Snapshots will start be taken on an hourly basis, starting on July 14th to October 12th. Then, your total NXT will be averaged, and you’ll receive that amount in Ardor tokens on October 12th, which will be freely tradeable up until the Ardor system launches.

At block 1,000,000 on October 12th, 2016, snapshotting will stop, and you’ll be allowed to trade your Ardor tokens in NXT 1.9 in preparation for the launch of the Ardor blockchain.

After Ardor has launched, Nxt 1.0 will remain active and supported. Nxt 1.0 is the giant on which Ardor is built and it will remain running as a core component of the Nxt eco-system, functioning as a complete blockchain solution in its own right, as well as assisting in the development and refinement of the Ardor blockchain platform.

There’ll be a lot more news in the weeks and months to come. Ardor aims to be a powerful platform for users and businesses alike by building on the technology pioneered by Bitcoin and Nxt. If you would like to be a part of it, acquire NXT now and get your stake in ARDOR!

Those who have been following Nxt 1.0 know that the launch of Nxt 2.0 (Ardor) will be a big and important step forwards, not just for Nxt but for blockchain technology in general. With the amazing and broad set of truly disruptive, stable features already running on the Nxt 1.0 blockchain, the next leap forward will be the solving of the blockchain bloat problem inherent to all existing blockchains.

This can make Ardor the first globally scalable crypto platform, and in addition to this, Ardor will enable any individual, business and community to launch their own fully secured customised private ledgers. In short, a Nxt 2.0 Main Chain token (ARDR) will ‘forge’ (~ stake/~mine) all the childchain transactions and thereby secure them. The first and default Nxt 2.0 childchain (Ignis) to be launched with the genesis block will be a ledger which integrates all the functionality of Nxt 1.0.

Ardor’s prime innovation is to split the blockchain into a main chain that is used for consensus creation only, and multiple child chains that keep separate ledgers of transactions, each child chain using its own coin/token.

The Nxt 1.0 branch will continue to run

Nxt 2.0 is not a fork of Nxt 1.0. NXT tokens will continue to exist.
Existing 1.0 users will be able to log in to Nxt 2.0 with their existing passphrases.

The Nxt core development team is committed to providing support for Nxt 1.x for at least one year after the Nxt 2.0 launch. Additional GUI functionality may or may not be added to the NRS Client.

The distribution of Nxt 2.0 tokens

The Core Developers recognise the tremendous contributions of the investors and holders of the original Nxt 1.0, without whom Nxt 2.0 would not be possible, and have decided to grant them exclusive rights to the new 2.0 tokens.

Ardor tokens

ALL Nxt 2.0 Main Chain tokens (ARDR) will be distributed among the holders of Nxt 1.0 tokens.

Nxt 1.9 will be announced shortly with a hard fork for the ARDR distribution without API changes.

The only way to get ARDR is by holding NXT in your account during the snapshot phase (which starts when Nxt 1.9 is released and will run for about 3 months).

Jean-Luc writes:

The Nxt Software will start taking periodic snapshots of all users’ NXT balances, at regular intervals (most likely once an hour), for a period of three months.

The NXT balances in each account will be averaged over this full three month period, and at the end all accounts will be automatically credited with a token representing their ARDR holdings, issued as an Asset on the Nxt asset exchange.

This ARDR Asset will be freely tradeable.

The distribution of the real ARDR coins will be based on the ownership of ARDR Assets taken at the point of time when the 2.0 Genesis block is created.

There will be no burning of Nxt 1.0 needed in order to receive either ARDR or [Ignis] Tokens.

ARDR tokens will be used for forging (i.e. staking / mining) to maintain and secure the full Ardor network and incentivize people to set up nodes. Users of any Ardor childchain will have to pay bundled transaction-fees to ARDR forgers.

Riker explains:

Holding the ARDR token provides the ability to bundle many child chain transactions into a ChildChainBlock transaction on the main chain (i.e. become a bundler) and forge transactions on the main chain.

IGNIS; the Nxt childchain tokens

Introducing: Ignis.

As stated above, Nxt 1.x will continue to run; you will get to keep all your current NXT tokens.

The Nxt 1.x equivalent chain which will launch with the Ardor genesis, is a new Nxt ledger. Its transactional token has been dubbed Ignis. The Ignis token will be the only transactional token on the Ardor network when it launches, and until new child chains can be spawned.

Ignis tokens will be distributed ~ 50/50 to NXT holders/Nxt core development team.

The ~ 50% Ignis which are to be distributed to the core development team will be theirs to use for funding the continued development of the Nxt 2.0 platform.

Jean-Luc writes:

[Ignis] will be created in the Genesis block of Nxt 2.0. At the moment NXT holders will get 50% [Ignis] of their NXT balance. The other 50% will be reserved for the devs, for instance to do an ICO with, or something else. As this is still one year in the future, the exact method of this is still being debated.

This means, that in addition to the Main Chain tokens (ARDR), NXT 1.0 holders will be accredited a number of Ignis (Nxt 2.0 transactional tokens) equal to ~ 50% of the NXT they hold in their account when Ardor launched in Q3 2017.

As a warning to traders, Riker states that: “If you keep your NXT on a centralised exchange you’ll need to check with the exchange how they handle the ARDR/Ignis distribution since it will be distributed to the exchange account. The exchange will get the ARDR / Ignis tokens and will decide what to do with it”.

Our best advice would be for you to keep your NXT in your own Nxt account with your own passphrase.

Nxt Developers – feel safe to code with Nxt

Nxt has had issues with breaking backwards compatibility when preparing for the switch to Nxt 2.0 / Ardor.

Nxt 1.10.x API will NOT be changed, so developers working with the Nxt 1.10.x API can feel safe that their code will keep working on the 1.0 branch and that they can easily port their new or existing Nxt projects to the new Nxt 2.0 ledger, if they want to do so after it has been launched. The Nxt core development team is very willing to offer their help in that regard, in case it should be necessary.

One exception to the backwards compatibility-rule is, as announced on release, the Nxt add-ons feature (available for developers from Nxt 1.8.0e), as this will “undergo significant refactoring in 2.0”.

Use it to test, play with it, but like Jean Luc writes: “Keep any custom add-on code simple, and be prepared to have to change it for 2.0 or discard it”.

You can follow the Nxt development in nxtforum.org/, and if you’re in doubt about anything, ask the core developers.

The work on Nxt and the Nxt NRS client continues. The Nxt core developers have just sent a list of the new features which will be implemented in the upcoming 1.8 release, expected to be released in April.

Desktop Wallet

Run the client wallet as a desktop application.

Riker writes:

Until now when starting the NXT server, the user had to wait for the server to start, then open a browser and point it to http://localhost:7876 to start the browser wallet.

Starting from this release, starting the NXT server would immediately launch a desktop wallet application based on the same design of the browser wallet.

Here’s some great listening for you – Nxt core developer Riker chatting about Nxt, other cryptos and investing with Marc De Mesel, an investor who has 35% of his investments in NXT.

Marc wants to learn about Nxt’s anonymous lead developer Jean Luc, about where Nxt is now, compared to Ethereum and other blockchain ‘competitors’, and also about the recently proposed changes to the Nxt protocol (the NXT 2.0 proposal).

Riker explains how Nxt 2.0 aims to solve the blockchain bloat problem and make Nxt the first ever globally scalable crypto platform.

Also: how Nxt, if version 2.0 were to proceed, would become a sidechain and how, with version 2.x, more sidechains could be added. Instead of implementing Some Asset < > Some Asset trading, Nxt 2.0 would make all Nxt AE assets tradeable across all sidechains, globally.

Having a sidechain pegged to a fiat value, and other sidechains pegged to crypto coins like Bitcoin, Nxt assets would become tradeable on several new markets thereby, in effect, creating a fully decentralised, multi currency, low fee, globally scalable asset market, powered by Nxt AE.

[youtube id=”tN4FjZ-31uk” width=”600″ autoplay=“no”]

Nothing is yet set in stone, but as the Nxt 2.0 design has been discussed and refined for at least 6 months already among the Nxt core developers, there is every indication that Nxt 2.0 in its essence will be programmed as proposed, with all the remaining details hammered out in cooperation with the users, the active Nxt Community.

Riker mentions how Nxt 2.x could also be of benefit to companies, a user category which has shown a lot of interest in the Nxt Monetary System (MS) but been reluctant to use it because of the current need for users to pay transaction fees in NXT.

Now, with Nxt 2.0, they would be able to launch fully secured sidechains with Nxt features but without the sidechain users having to buy NXT to use it. As an example, Nxt MS tokens could be used as concert tickets, and only the business running the sidechain would have to pay fees to the Nxt main chain forgers.

Another obvious use case, via the Nxt MS’s crowdfunding feature, would be to run crowdfunding campaigns in the sidechain currencies, such as fiat or Bitcoin.

Some organisations would probably want their own private blockchains, and ask the Nxt core developers for their help. But would any such private work which the Nxt core devs might get paid to do ever benefit the Nxt investor? Should we be looking for companies which would be willing to pay for the core development of the open sourced Nxt? Or would such companies get too much power over development?

Is there a risk that, if Nxt became a sidechain with Nxt 2.0, the value of NXT would CRASH bringing down with it all AE asset prices, as some people have been claiming in the ongoing discussion regarding the design proposal? If so, should AE asset issuers and asset investors run away from the Nxt blockchain asap?

You’ll have to decide for yourself, of course. The crypto market is volatile and unpredictable, so who can really tell.

Lots of noise on this video, lots of good information too.
Thanks to Marc and Riker for doing this interview in Amsterdam.

Forkpay.net has just released its first browser extension, making it extremely easy for anyone to make payments with altcoins anywhere Bitcoin is accepted.

But take a deeper look at the new startup and what’s going on around it, and you will see that Forkpay has a lot more to offer. Indeed, Forkpay could very well become one of the stepping stones needed for cryptocurrencies and blockchain based tokens to achieve global adoption.

Why alts?

Altcoins improve on Bitcoin and add features to what is still the King of Crypto. For example, BitcoinDark and Dash offer anonymity features. Litecoin is the best-known fork, with faster block times than Bitcoin and a different mining algorithm (scrypt), just like DOGE. By contrast, Nxt uses PoS and offers, besides a payment system using its monetary unit NXT, a whole financial ecosystem of features.

Still, no coin has yet reached anywhere near the degree of adoption that Bitcoin has. Even though Bitcoin is based on old and (arguably) no longer bold code and the growth of both the Bitcoin blockchain and difficulty of mining has meant more centralisation in the Bitcoin network, Bitcoin’s dominant network effect means that it continues to reign supreme (at least for the time being).

There are already lots of places in which to spend Bitcoin. From small private retailers, like ititch.com (anonymous domain registration and hosting), to larger ventures like Gyft, Overstock, Amazon and Virgin Galactic. They all see the potential of blockchain-based currencies and regard themselves as first movers in the developing cryptocurrency-fuelled economy.

So, if you want your own particular altcoin accepted in stores, you have to get out there and start knocking on doors.

At least, that is, up till now.

Pay bills with altcoins

With the Forkpay plugin, which is available as a Chrome extension, and soon to be released for Firefox, you can now visit any online merchant that accepts Bitcoin and pay for goods with your favorite altcoin, starting with LiteCoin, PeerCoin, DOGE, NXT, BitcoinDark, and Dash.

UPDATE:The Forkpay Firefox plugin is now awaiting approval from the Firefox webstore. As soon as it is available, the Forkpay ICO at NXT asset exchange will be complete, and the project will be officially launched.

ForkPay.net is very easy to use: When the extension is installed, every time a Bitcoin address is shown on a site, you will see a Fork logo next to it. To pay with alts, you simply click the fork, choose your coin from the dropdown menu, and make the payment. Forkpay.net converts your altcoins on the fly, and you don’t have to go through any registration process.

Forkpay.net wants to become “the most versatile payment solution for cryptocurrency merchants”, so this is just the beginning. The Lithuanian-based startup has further plans in the pipeline, which are in the process of being coded even as I write this.

Crypto currency volatility

There are several players already in the crypto merchant solution field, but where Forkpay.net stands out from the rest is by bringing a BTC > altcoin exchange to the merchant sites (using Coinomat Instant Crypto Exchange’s API), so altcoin users can buy goods, even if the merchant doesn’t accept their altcoin. It’s certainly a problem solver. But will it be enough on its own to enable Forkpay.net to take a significant market share and succeed as a business?

The current volatile monetary value of Bit- and alt-coins is one of the most significant factors preventing wider adoption; many people, understandably, are hesitant to use a unit of monetary value as a means of payment which they cannot depend upon to be as least as good at storing value as their fiat money.

The price of BTC goes up, goes down, and it goes up again – or further down, and because its market cap changes rapidly, investors move in and out of the market, and yes, speculators also try to make huge profits on exchanges, by running pump and dump schemes.

The race is therefore on to solve the riddle: How to create pegged or ‘stable’ cryptocurrencies?

Front-runners include the Nxt platform which, via its Monetary System, now supports the creation of peggable currencies, albeit none have yet been created so it’s not yet known how successful this solution will be in practice.

Another solution provided by the Nxt platform is the Nxt Asset Exchange where you’ll find fiat-pegged assets like CoinoUSD, CoinoEUR, as well as YAN-pegged assets.

Other cryptocurrencies are also in the race to reach the same goal. One of the truly exciting projects still in the pipeline is PAX, a fully decentralized way to peg crypto to anything, which is currently being developed, along with other supporting features, by SuperNET + BitcoinDark lead developer: jl777.

But how hard would it be in practice to integrate such solutions with ForkPay?

Coming up: Fiat pegged crypto

I asked the people behind Coinomat, the crypto exchange responsible for the API that Forkpay uses, and who also happen to be the issuer of CoinoUSD and CoinoEUR on the Nxt AE. Their answer was clear and to the point.

Coinomat:

We’ll do it very soon, also MS [Nxt Monetary System coins] will be integrated.

Now, as already mentioned, Forkpay makes it extremely easy for anyone who owns and wants to spend altcoins anywhere Bitcoin is accepted. A fine business idea, and it sure works like a breeze. But… Will this ever become a truly useful service for the everyday consumer who doesn’t mine altcoins, or who doesn’t just happen to hold a bag of DOGE, BitcoinDark or NXT crypto 2.0 tokens?

It seems so.

Couple the upcoming fiat pegged crypto integration with a nice looking and easy to use browser extension, then look at the roadmap from Forkpay. The browser extension is live, operational and its marketing has only just started. Forkpay’s further development plan includes:

release of Firefox plug-ins;

a cash-back program for plug-in user;

server-side plug-ins for merchants;

‘reverse’ plugin solution, where merchants can get paid in fiat and receive crypto; and also being worked on,

paying credit card bills with Forkpay in crypto.

To give you an idea of what the future may hold, let’s see what’s already possible with the solutions we have now. In the not too distant future, these services will most likely be integrated as a self-contained solution by some smart developer or visionary business. We’re still in the early days of the blockchain revolution, so everything will eventually end up being much easier to use. But here’s an approach you can use now:

A 3 step plan to saving money

1: Coinomat

Exchange USD to CoinoUSD, or EUR to CoinoEUR. It’s easy. Your fiat money will not lose value as the Coino assets are pegged to the fiat value.

You earn interest (0.06% daily at the moment, which is 24% per year) just by holding your Coino assets in your safe and personal Nxt wallet. Now that’s a quite a bit more than my bank offers me and no doubt what yours offers you. No registration required and you can withdraw to any VISA/Mastercard whenever you want.

2: Nxt

This is the blockchain 2.0 which secures all your fiat pegged assets as well as, of course, your NXT (the Nxt platform’s monetary unit). This is your money. You own it. Absolutely. Moreover, being secured by Nxt’s decentralized network, it’s 100% safe. By contrast, when you deposit ‘your money’ in a bank account you are by law deemed to be lending that money to the bank. You are in effect, an unsecured creditor of the bank and ‘your money’ is therefore not safe.

You can send or receive any amount of assets, NXT or Nxt MS coins for a fee of 1 NXT. This currently equals €0.01, the amount and destination don’t matter. In comparison, according to the World Bank, sending remittances around the world using the banking system costs an average of 7.37 percent of the amount sent. All in all, cross-border transactions are expected to reach $608 billion in 2015. Now that’s a lot of fees to save.

With your funds in the Nxt blockchain, you can also use all the core and 3rd party features in the Nxt network. The decentralized global p2p marketplace. Issue tokens. Invest in promising real world ventures on AE. Play games. Upload data. Torrents. Build a business, crowdfund it. Keep assets, Bitcoin, altcoins and your investments right there in the same wallet, using Nxt Multigateway features.

3: Forkpay

Go shopping. Pay with NXT (or any of the other integrated altcoins).
Buy goods anywhere Bitcoin is accepted, using the browser extension.

If you’re a merchant, use Forkpay to set up your merchant crypto payment solution.

Why? Forkpay’s exchange rate does not exceed 3%. With Paypal the standard rate for receiving payments for goods and services is 3.9% + fixed fee, and for payments across borders, it’s up to 5.99% + a fixed fee.

Forkpay.net ICO on Nxt AE

You can share profits with Forkpay by participating in their ICO currently taking place on the Nxt AE.

Forkpay.net is going to follow the standard start-up cycle. This first asset issue is the seed stage investment. Forkpay.net is going to approach venture funds for a second round investment or buy-out in future at which stage asset holders will be able to make an exit or exchange the assets for the ‘real’ equity. This is going to be an experiment with classical seed stage investment made on the Nxt platform.

Forkpay’s revenue model is based on transaction fees. 50% of the profits will be paid out to shareholders.

This article is for general information and news purposes only. It does not take into account readers’ personal circumstances or investment objectives. As with any investment, readers should carry out their own due diligence research before making (or refraining from making) any investment decision.

Since the launch of the NXT platform the main focus has been on the tech: NXT Currency, Asset Exchange, Monetary System, Marketplace, Arbitrary Messaging, Alias System, … So many features and possibilities.

Whilst the tech undoubtedly gives NXT a big potential advantage over competing platforms, it seems every time a new technological innovation is added to the NXT platform it actually results in a price drop. Why? Presumably because the platform, in all its ever-increasing functionality, is not intuitively easy to use, nor easy to explain. Let’s face it, it’s not for the average joe… At least not yet.

This is where the Tennessee Project wants to step in and make a change. With all the focus on technological advancements, the marketing has been neglected resulting in a declining adoption rate and a gradual price drop.

The project’s goal is to push NXT marketing and promotion to a professional level over the next 12 months while at the same time making it easier to use for the average joe.

Not a small task to take on, but a great team has been assembled including, at its heart, Bas Wisselink (Damelon) and Dave Pearce (EvilDave), who will each receive a part-time salary on a self-employed basis, allowing them to work freely on Tennessee, in addition to their other tasks within the Nxt community. They will work closely together with NXT core developers Jean-Luc and Lyaffe. Several components of Tennessee will also require paid outside contractors. The Tennessee Project will be run under the banner of the Nxt Foundation.

A professional project of this size needs serious funding. The project is looking to raise 10 million NXT in order to function for 12 months. The Monetary System will be used to raise the funds. EvilDave has issued the TNSSE currency with account NXT-P439-YVBD-VUEQ-A3S2T

We have already started an informal fundraising project among NXT businesses and stakeholders to raise the minimum of 10 million NXT, and we are happy to say we have already received firm pledges for up to 5.5 million from Nxt investors and stake-holders.

The funding will end on Monday October 26. If the target 10 million NXT is reached, all funds will be transferred to the Tennessee account. If it is not reached, all funds will be returned to the original accounts. This could mean a big boost for NXT from which the whole community would benefit, so every donation matters, no matter how small. 4.5 million NXT is still needed to meet the 10 million NXT target. This covers the salaries of both Damelon and EvilDave for a year and the budget to actually do the tasks.

As explained on the Nxt forum, the Tennessee Project has three overall aims:

A major increase in and professionalisation of NXT marketing.

To improve the Nxt user experience, in terms of ease of use, support and documentation.

The acquisition of leads to incorporate NXT into real world applications/businesses and to attract investors to the platform.

In order to achieve the above aims, the Tennessee project will have the following short term goals, to be realised by Q1 2016:

● Completely overhaul www.nxt.org, and streamline the web presence/SEO for all community owned sites.

● Create a continuous and coherent marketing/PR campaign, putting the focus on what NXT has achieved so far, and on highlighting real world use cases for NXT.

● As part of the above 2 points: create a complete portfolio of use cases, media packs and other publicity material, to be used in all NXT marketing.

● Set up a co-ordinated team for social networking/forums.

● Create a coherent strategy to interest potential Nxt-based projects and investors who may be interested in utilising or investing in NXT/SuperNet.

● Expand and improve on relationships with our media contacts, including establishing exploratory relationships with professional PR agencies.

● Create leads, and follow them up. This is a task we have been doing for months now, but it desperately needs to be professionalised and that takes time.

Long term goals, to be realised by Q2/3 2016:

● Assist/finance the development and deployment of simplified NRS software: i.e. Lite clients and webwallets.

● Create a comprehensive user guide for the entire NXT system, from account creation all the way to customised MS issues.

● Set up an incubator system for both potential and currently running Nxt-based projects. This will have the aim of helping out projects with both direct technical/marketing assistance, and to bring these projects into contact with investors. The incubator will take a small percentage portion of any projects that it helps, and redistribute this income to the NXT community.

● Integrate a professional PR agency into NXT promotion, and finance a campaign from them.

Further goals will be added to Tennessee as the project progresses, but this outline is a solid basis on which to build further marketing and PR.

Today a press release from Nautiluscoin announces the launch of a full economic ecosystem, built on the Nxt blockchain. The launch event of the Drachmae Ecosystem will take place on September 26, 2015. Furthermore, Brian Kelly Capital (BKCM LLC) will be making a seed investment in a new entity that will deploy this ecosystem globally, first targeting developing micro-economies in Latin America and Africa.

“We are pleased to announce that we have formally joined forces with the Drachmae Project and have developed a full economic ecosystem for the island of Agistri”, Nautiluscoin writes. “This ecosystem includes a fully functional mobile banking system, a B2B ecommerce platform, and a travel-booking site, all fueled by Nautiluscoin. This ecosystem will be rolled out on the Greek island of Agistri on September 26, 2015.

We are providing the tools for the municipality and businesses of Agistri to investigate ways of generating new revenue via our blockchain-based ecosystem. Businesses will be able to save money via the B2B platform by connecting directly with suppliers, while at the same time offering discounts to travellers via the travel platform. Powered by Nautiluscoin, the ecosystem will offer efficiency and simplicity, providing tourists with a simple one-stop shop for all aspects of booking a holiday.

We are focused on the end users of the currency – the businesses, citizens and visitors – this is our community. This proof of concept will illustrate how digital currencies and blockchain technology can benefit a community. To that end, the communtity in Agistri will be actively involved in the project and will share ownership and revenue from the Drachmae Project.

The mission of the Nautiluscoin project is to use digital currency and blockchain technology to bring money into an economy. While digital currencies have been successful at providing a means to remove capital from an economy, few have successfully shown that adoption and use can drive economic growth – the Nautiluscoin project is about to change this.[sharing tagline=”” tagline_color=”” title=”” link=”http://test.nxter.org/?p=11118″ description=”” pinterest_image=”http://test.nxter.org/wp-content/uploads/2015/09/nxt-nautuluscoin-greece-cryptocurrency.png” icons_boxed=”” icons_boxed_radius=”4px” box_colors=”” icon_colors=”” tooltip_placement=”” backgroundcolor=”” class=”” id=””][/sharing]

Coin Swap

The Drachmae Ecosystem has been built using the NXT Platform and Nautiluscoin will soon be swapped onto the NXT monetary system. We have chosen NXT because of its superior technical capabilities, security and community support. The business orientation of the NXT community will be the foundation on which we build our ecosystem.

The NXT Foundation will be assisting with the coin swap that will commence on September 18, 2015. We will post the coin swap instructions on Bitcoin Talk on Wednesday, September 16, 2015 and the offical commencement will be announced via Nautilsucoin’s Twitter account.

The NXT Foundation will also be assisting with the structure and the operation of the Nautiluscoin community, which includes the businesses and citizens of Agistri who wish to join the project. This project would not have been possible without the expertise and support of the NXT Foundation. The NXT team and Foundation have been integral to realizing this opportunity to utilise the power of blockchain technology.

The Launch Event

The September 26, 2015 launch of the Drachmae Ecosystem will include a community barbecue where the Nautiluscoin airdrop will formally take place. Each citizen that attends will be given €100worth of Nautiluscoin to spend at the barbecue and local businesses. As well, members of the press will be given €100 worth of Nautiluscoin.

We will also be hosting a Hackathon event for developers to explore our blockchain ecosystem and create apps. We encourage anyone with an interest in blockchain technology to develop apps that can solve real world problems for the community. We will be hosting up to 40 developers to join in this first of its kind Hackathon in Greece. We are also extending an open invitation to companies and government organisations to visit and observe the event.

The launch event will be capped off with a televised fashion show featuring professional models wearing GetNauti gear. We have hired a camera crew to be on island for the launch event to capture this historic moment. This fashion show is a pre-shooting for the Athena Model TV Show that will be hosted on Agistri in 2016.

We are excited to bring this revolutionary technology to Agistri and are grateful for the foresight of the Mayor, local businesses and citizens. This will be the first time an entire economic ecosystem has been experimented and deployed and we are looking forward to this historic event.

Brian Kelly Capital Investment

The ecosystem that will be deployed is both scalable and efficient, making it suitable for multiple use cases. In parallel with the Drachmae launch on Agistri, Brian Kelly Capital (BKCM LLC) will be making a seed investment in a new entity that will deploy this ecosystem globally. The new entity will license and implement new blockchain based economic ecosystems similar to the Drachmae Project. Currently, the entity anticipates targeting developing micro-economies in Latin America and Africa.

Commenting on the investment, Brian Kelly said, “With this technology we can deploy a fully functioning economic ecosystem which includes a banking system, a commerce platform and a currency. We are excited to be a part of this revolution.”

The new entity will be focused on deploying this technology to other countries, municipalities or organizations that need a fully functioning micro-economy.”

Coinomat (the instant cryptocurrency exchange, Nxt asset issuer, SuperNET service partner and Bitcoin Foundation Member) has just released its Cryptoasset.fund asset on the Nxt Asset Exchange. The asset is to be made available via a Dutch auction.

Cryptoasset.fund is the first “classical” venture fund to be launched on the Nxt platform. Inspired in part by innovative jl777’s SuperNET asset, which itself is a revolutionary asset both in the technology it represents and in helping to lead the way in launching investment funds on the Nxt platform, Cryptoasset.fund is focused on investing in projects which are close to the Coinomat.com team, and also any other promising cryptocurrency projects.

The launch of Ethereum is further evidence of segmentation taking place in the crypto economy. It’s now clear that in order to survive and prosper cryptocurrencies must focus on what they do best. In the case of Nxt, of course, this is decentralized crowdfunding on the asset exchange. One of the fund’s future projects will be the creation of a fully-compliant crowdfunding platform based on blockchain-issued assets which we hope will help make NXT platform the go-to place for decentralized crowdfunding.

At its launch cryptoasset.fund will hold shares in several assets in which the Coinomat team is involved, including Coinomat.com, MMNXT.com and EIX.fund, which will make the Net Asset Value of the fund around 3 million NXT. During the coming months several new projects will be launched with cryptoasset.fund participation, including:

forkpay.net – a merchant platform and plug-in for e-shops that wish to accept cryptocurrencies in addition to Bitcoin. Based on the Coinomat API it offers a way to accept all Coinomat supported e-currencies in one interface. The service will charge a transaction fee, from which it will derive its revenue.

bitnames.io – Blockchain-based domain names. We believe that blockchain technology should become the cornerstone of the DNS industry. Bitnames.io is going to provide an easy way to register and manage .bit, .nxt and other domains on various blockchains, and offer custom DNS servers and browser plugins to resolve them.

morze.us – secure communication for open channels. A messaging application with integrated value transfer, based on the Coinomat API. On top of the messaging app which enables encryption of any web-traffic (email, facebook, any other social networks) Morzeus software will allow the creation, transfer and redemption of BTC and fiat denominated vouchers.

cryptojoin.com – social network for cryptocommunity with integrated reputation system and escrow service.

The range of the projects is diverse: we will not simply be focusing on stand-alone applications of Blockchain technology, but instead aim to start projects which are in synergy with each other. For example, all payment transactions in all the fund’s projects will be realized using Coinomat’s API. Several other projects are currently being discussed; we plan to launch 6 to 7 projects within the next year.

The Cryptoasset.fund ICO is planned for 12.00 GMT, September 15, 2015. Currently it is possible to place bids to secure a share in cryptoassets.fund.

Asset ID at Asset Exchange: 5562590132594876791.

ICO minimum price is 10 NXT. If the total bid amount exceeds the number of available shares the sell price will increase.

The initial portfolio has been transferred to the issuing account and can be seen in the blockchain (Nxt acct ID NXT-Y8FL-UJCB-R25H-23BT2). It’s 240K Coinomat1, 90K MMBCD, 40K EIX ,700K MMNXT, upon which the Cryptoasset.fund will be built. It will provide the dividends for the shareholders right after the fund’s launch. Also more of the core fund assets will be bought from AE after launch.

UPDATE:

Coinomat writes,

New project in our portfolio is shylock.io! It is being launched together with Twinwinnerd who has extensive experience with p2p lending at Bitcointalk. This is going to be a fully automated crypto pawnshop, where you will be able to borrow funds providing crypto assets as collateral.

For example, you hold SuperNET asset and expect it to rise soon. You spot a promising new coin and want to invest in it, but have no BTC. You can get a collateralized loan, by depositing your SuperNET asset with shylock.io and receiving BTC in exchange. When, hopefully, you make profits with the coin you return the BTC with interest and get your SuperNET asset back. The monthly interest will be in the range of 3-5%, and that’s where the profits of the project will come from.

NXT is the best, we’ll do the rest!

–

This article is for general information and news purposes only. It does not take into account readers’ personal circumstances or investment objectives. As with any investment, readers should carry out their own due diligence research before making (or refraining from making) any investment decision.

Promising Crowdfunding Site Set To Release New Cryptocurrency August 31st

In an effort to raise startup funds to develop what promises to be an innovative crowdfunding site (PICISI.com), PICISI is launching a new cryptocurrency today to coincide with the start of their 15 day crowdfunding effort.

PICISI (Philanthropic Investments and Charity for Inventions, Startups, and Ideas) is a crowdfunding project that has been in development for a number of months.

Pi (PICISI issued currency) is the common name given to the cryptocurrency (currency code: NUMUS) PICISI created 4 months ago that is now ready to be released to the public.

Pi/NUMUS (Latin for currency) was created using the NXT Monetary System. NXT is one of a handful of highly advanced cryptocurrency platforms often referred to as ‘Bitcoin 2.0’ platforms.

Pi was designed to play an integral role in the long-term business development of PICISI in the following 3 specific ways: initially, like all national currencies, to raise startup funds; secondly to use in the day-to-day operations of PICISI; and finally to provide a funding resource for major capital expenditures, e.g. Money Services Business licenses for all 50 US states, which could amount to $1M.

PICISI’s mantra is ‘Promotion, Promotion, Promotion’ – this is primarily how Pi will enter the marketplace. Promotion Contractors are self-employed individuals from all around the world who do PICISI assignments. They are primarily writers, but also video producers, graphic artists, marketing professionals, and social media experts. Once registered, Promotion Contractors are able to work on various PICISI assignments to earn Pi.

Knowing that cryptocurrencies are notorious for being volatile investment instruments, PICISI plans to provide Pi with a level of stability by instituting a value adding ‘rebuy’ plan – as PICISI earns fiat, it rebuys Pi on the open market.

As a crowdfunding site PICISI expects to earn revenue primarily through fees charged to campaigns, and through various sponsorship opportunities. Under the rebuy plan, earnings in the form of fiat (USD, GBP, CAD, or any other national currency) will be used to buy Pi at public cryptocurrency exchanges. PICISI also indicates that if an official exchange sponsor is in place, all Pi purchases made by it will take place at that exchange.

PICISI sees Pi as an international currency that will fund global entrepreneurship; you can purchase Pi (currency code NUMUS) at the rate of 117.75 NXT per Pi here: https://nxtportal.org/currencies/1350076970661039300, or via any NXT wallet by clicking “Monetary System”, “Currencies”, “NUMUS”, and “Exchange”.

To learn more about Pi, contact PICISI at Pi@PICISI.com

———————-

This article is for general information and news purposes only. It does not take into account readers’ personal circumstances or investment objectives. As with any investment, readers should carry out their own due diligence research before making (or refraining from making) any investment decision.

And here’sthe most important result of all from the survey: the number of first time blockchain users (specifically Nxt blockchain users) in the world has increased!

Roberto writes:

As it would have been impossible on the day to have arranged for the participants each to have their own funded and activated Nxt accounts so that they could cast their vote using the Nxt voting system, we instead created a wrapper with a PHP application, and used a single account that sent the votes as messages to itself, and another app that counted the votes.

It really wasn’t meant to demonstrate a secure method of voting, but rather to take people who had never used a blockchain before for a micro ride into this world, to trigger their curiosity and desire to learn, and maybe kill the “fear of the unknown” that stops so many from getting started with crypto platforms.

The guy in the front [2nd from left – click pic to enlarge] is Sajid Javid, Secretary of State for Business, Innovation and Skills from the UK.

Hopefully, Mr Javid will have attended one of Roberto’s presentations and learned for himself how the OTDocs system can remove the potential for international trade finance documentation to be misused in fraudulent schemes that cost businesses around the world billions every year.

……………………………………..

Further Information

‘OTDocs is a license fee free Open Source software tool that provides a platform for certification and compliance to online identities and documents as a mean to facilitate document management and process, respect privacy, and prevent international trade finance frauds.’

TVE enables users to promote their websites and social media presence whilst earning NXT, Bitcoin and Blitz for their social interactions on all the major social networks.

TVE is the first social exchange platform that allows users to cash out points to digital currencies.

Killakem writes:

The Viral Exchange (TVE) is a next generation social exchange with the goal of monetising social network activity via the blockchain.

TVE is a free social exchange network which helps businesses increase their social network presence and drive users to their websites. The exchange system is very simple: every time a user likes, follows, or views another member’s social media page they receive Viral Points which can then be used to get more followers, likes, views or visitors to their own website or social media pages. The Viral Exchange is the first social exchange platform that allows users to cash out points to digital currencies. Users can earn Bitcoin, NXT and Blitz with their Facebook, Twitter, Google+, YouTube plus many more.

The Viral Exchange is now a SuperNET official partner! TVE will be helping to raise awareness of SuperNET inside and outside of crypto, while also providing free marketing on the platform and exposure through our press releases. TVE will also utilize InstantDEX for automated user withdrawals once its ready and we will be integrating SuperNETs innovative technology with TVE wherever possible.

Version 2 of TVE is currently in beta testing and 100 Blitz is being offered for every new bug found (cosmetic bugs not included).

TVE is being redeveloped from scratch, the new platform will utilize an MVC Architecture providing an extensive API. Moreover, the NXT Monetary system will be used as part of our Proof Of Reserve system, this will give users, marketers and asset holders complete visibility of the purchases and withdrawals on The Viral Exchange. Asset holders will not need to rely on the information we give them: all deposits and withdrawals will be publicly available on the blockchain.

Grewalsatinder writes: ‘SuperMesh.io Test Release is a small bundle of applications and services which provides easy access to various decentralized technologies like MeshNET, NXT Full Client, Decentralized DNSs, TOR websites/services (e.g. onion websites).

It’s a basic feature build/OS which enables any person with some technical knowledge to build their own Raspberry Pi device and use it as a smart router providing easy access to MeshNET and Decentralized technologies’.

You can find an updated grewalsatinder’s roadmap for SuperMesh.io HERE.

Note that there aren’t any .nxt websites to explore in the meshnet yet, as we just entered it. Eventually there will be, for example nxter.nxt will be set up soon for you to enjoy in the meshnet. Until then, you can find a list of useful meshnet websites related to the Hyperboria (CJDNS) network here: http://hyperboria.be/.

SuperMesh.io and Nxt are not related to CJDNS and Hyperboria in any way.

This first test release is for Raspi2 users only and will not be stable on older Raspberry Pi models. Upcoming releases may support all the old RasPi models.

NOTE: This test release is still experimental. So, please evaluate it, test it, and if possible break it and/or improve its security features. Then share your findings and any solutions with the community as part of the ongoing process to optimise security and efficient usage. If you do enhance its security, please share your solution, so I can include that in the next build and put your name in credits.

#### IMPORTANT: Change the default Password ####
It’s very important to change your SuperMesh.io node’s default login password to something different and stronger. You can change the password after logging in to SSH or Terminal using command ‘sudo raspi-config’. Use arrow keys and select second option ‘Change User Password’ to enter new password.

#### How to change your default WiFi Access Point’s Password ####
Default password of WiFi Access Point can be changed from file /etc/hostapd/hostapd.conf
Open the file and change the value of ‘wpa_passphrase’.

#### How to connect your SuperMesh.io node to existing WiFi connection ####
For that you’ll need to edit ‘/etc/wpa_supplicant/wpa_supplicant.conf’ file as root user. Use the following command:

Code:
sudo nano -c /etc/wpa_supplicant/wpa_supplicant.conf

If your existing WiFi connection does not need any password to connect to just enter its SSID on line 6. Replace word ‘YOUR_WIFI_ID_HERE’ with your SSID.

If your existing WiFi connection needs to be connected using a password, I have configured common settings there. Go to line 13 and update your WiFi SSID where it says ‘YOUR_WIFI_ID_HERE’, and replace the string ‘YOUR_WIFI_PASSWORD’ with your existing WiFi connection’s password.

Save the file, and restart networking service:

Code:
sudo /etc/init.d/networking restart

Or just reboot your system with command ‘sudo reboot’. Next time you boot up your system, it should connect to WiFi. If not, you have to find your correct settings for WiFi configuration. Search ‘How to setup WiFi on Raspberry Pi’. That might be of some help. 🙂

TOR Network and Access Details
System by default connects to clearnet. It does not enable TOR access for WiFi clients by default. There are two ways to enable TOR access to WiFi clients:

1. Enable line 21 from file /etc/network/iptables.ipv4.nat. Remove ‘#’ from the line, save it and restart network interface, or just reboot the system. This will route all traffic of WiFi connected clients by default through TOR. Whatever service they access will pass through TOR network. You can visit website ‘ipchicken.com’ and it will show you your public IP and a hostname if there’s one for that public IP.

But, some people still don’t trust the TOR service. That’s why I set it not as default to route all traffic of connected WiFi clients through TOR. In case you do not want to mess with iptables, you can use the second option.

With the second option you do not need to make any changes to iptables or anything else. Just connect to WiFi Access Point of SuperMesh.io node and use proxy settings to surf internet through TOR.

NXT Full Node Access Details
NXT Full node is accessible via all network interfaces of SuperMesh.io node. If you do not know what IP address the SuperMesh.io node got when you plugged the LAN cable into it, you can just connect to its WiFi Access Point, and visit http://192.168.10.1. On that web page click on ‘NXT Full Node’ link and access your NXT Client’s Web interface.

The web page is static. This test release does not give any dynamic information, e.g. internet/TOR/MeshNET/LAN network conectivity info. However, future builds may do so.

NXT Full node by default connects to peers through clearnet/internet. It does not route through TOR. If you want to enable TOR for NXT Full Node, you can edit the file ‘/home/pi/nxtpi/nxtrun.sh’. Open the file and remove ‘#’ from 3rd line and add ‘#’ to 4th line. Save the file and reboot the system. Next time SuperMesh.io node boots up it will be connecting your NXT Full node to internet through TOR network.

NOTE: TOR settings for NXT Full node are exclusive to NXT only. Any changes made to iptables for WiFi clients will not enable NXT Full Node to route through TOR network.

CJDNS MeshNET Access Details
When you boot your system for the first time SuperMesh.io node by default generates a new CJDNS configuration file and populates it with a CJDNS Public Peer. You do not need to do any single settings or change your CJDNS Settings. If you still want to play with it, or want to see what’s inside your CJDNS settings you can check the file /etc/cjdroute.conf.

If you want to see what your MeshNET IPv6 address is, enter command ‘ifconfig tun0’ or ‘ip addr show tun0’. The line with ‘inet6’ shows your IPv6 address.

If you want to confirm if you are connected to CJDNS MeshNET you can ping to my CJDNS Public Node IPv6 ‘fcdc:1bde:c1f4:4b9c:5a91:d33b:d771:d492’.

On Mac and Linux use command:
Code: [Select]
ping6 fcdc:1bde:c1f4:4b9c:5a91:d33b:d771:d492

HyperBoria Websites Access Details
The build is now able to access Hyperboria websites, as the SuperMesh’s own temporary CJDNS public peer got some nodes connected which connects us further to existing Hyperboria only websites like ‘uppit.us‘ or ‘socialno.de‘ or ‘nodescan.hype’ (by slothbag).

By adding that peer you’ll be able to connect to Hyperboria websites. But, maybe others still won’t.

#### How you can help NXT and SuperMesh.io Nodes to connect to Hyperboria network? ####
If you have made your SuperMesh.io node a public node, and your CJDNS is peered with a node which connects to Hyperboria, you can share your peer info with me, and I’ll add it to my CJDNS Public Peer. That will help other SuperMesh.io nodes out there connect to existing Hyperboria websites.

Make your own website/service exclusively available on CJDNS MeshNET

Yes, having this SuperMesh.io node gives you a very easy platform to build your own website or service and make it available on MeshNET. This test release of SuperMesh.io node comes with ‘NginX Web Server’ installed with it. It’s a very lightweight web server. Do your research and check out how you can use your Raspberry Pi as a website server or for any other kind of services.

Decentralized DNSs on SuperMesh.io node
This test release has everything set up to access services accessible through Decentralized DNS .nxt.

You can setup your NXT Aliases to be used as Decentalized DNS. All existing NXT Aliases can be used with .nxt.

Example: If I have NXT Alias name ‘satinder’ registered in my NXT Account, I can set it with type ‘Other’ and use following JSON data in ‘Data’ field:
Code: [Select]
{“ip”:”123.123.123.123″,”map”:{“www”:{“alias”:””}}}

Once the changes are saved and confirmed on NXT Blockchain, I can access my website using ‘satinder.nxt’ or ‘www.satinder.nxt’.

If you need to set up your NXT Alias as a Decentralized DNS for IPv6 address (as for your MeshNET node), you can use the following JSON string:
Code: [Select]
{“ip6”: [“your_ipv6_address_here”]}

Grewalsatinder writes: ‘I had issues while testing NXT Alias as Decentralized DNSs. Mostly the issues were due to wrong JSON formatting. You can copy your JSON string to the following online JSON editor and verify if your JSON string is valid: http://www.jsoneditoronline.org/. Once confirmed, only then use your JSON string as Data for NXT Alias to make a Decentralized DNS.

It’s thanks to communities like NXT, CJDNS, Raspberry Pi, DNSChain, SuperNET and so many developers from related communities that this build was possible. I hope you’ll like this SuperMesh.io test release, and join this project to improve it further’.

Credit:
toenu – for adding .nxt support to DNSChain.
slothbag – for making base of Decentralised DNS on NXT Blockchain

If you want to support grewalsatinder for his efforts you can send some love in the form of NXTs.
His NXT address NXT-QK5L-7YM9-YPVF-55GL5

Prizes

(‘PeerExplorer is your gateway for Nxt infrastructure. Be a part of building the world’s most advanced decentralised open-source platform. Feel free to use the API. Don’t know what Nxt is? Take a look here!‘)

NxtHaus, a London based NXT and Bitcoin wallet and exchange, has recently announced, what they call ‘one of the key applications in increasing the adoption of Nxt: TipTap.’

NxtHaus is a Nxt and Bitcoin wallet that makes it possible for you to safely store your coins in order to make them available to you at all times, anywhere on any device. In addition to that, you will be able to easily acquire Nxt and Bitcoin within 10 minutes with your Euros and Dollars.

There are several ways through which you can acquire Nxt or Bitcoin at NxtHaus. The simplest option is Sofort Banking which takes less than 10 minutes and directly connects with your Bank Account. The other option is a SEPA Wire Transfer to our Banking Connection which takes 24 – 48 hours. If you are in the right location you can also send an International Wire Transfer.

Tip NXT on social media

NxtHaus writes,

TipTap is a tipping application that makes it possible for you to tip anyone on social media and thus show your support, appreciation or even your affection to someone simply by tipping them. In the recent months tipping people on social media has become increasingly more important, and we at TipTap treat it as the single most powerful networking tool that drives attention. The best of all: The service is completely free of charge. Forever.

Unlike other tipping services, TipTap uses the Nxt blockchain to facilitate the tipping micro-transactions, thus it doesn’t rely on any centralized ledger. Currently TipTap is compatible with Reddit, Slack and Twitter; 3 of the largest and most used platforms today.

TipTap Tipping Contest

Tip NXT on Twitter, reddit or Slack – and win $235 each week

To get this moving, an official Tipping Fund of more than $2200 (200.000 NXT) is paying weekly prizes to tippers who join @ http://www.wetiptap.com and use the service to spread NXT:

Each week more than $235 (20.000 NXT) is paid out in 2 categories:

Most Tips (amounts) tipped this week

Most Tips (value) tipped this week

Additionally, $6 (500 Nxt) is paid to 20 randomly chosen users that have tipped in a given week. Making it a total of 30000 ($325) Nxt that can be claimed by Nxters each week!

This week we’ve got the usual roundup of news and developments. The tech is coming together, as James writes: ‘It is getting very close. The core, GUI and windows are really three totally independent projects, but they all need to come together to get a windows release. This is happening.’

James own role could be coming to an end as the core functionality nears completion. ‘I prefer to just make a decentralized self-organizing topology network that allows individuals to remain private and offer services without worrying about all the details cuz it just works.’

Agents

Agents is James’ dev-friendly plugins system. It offers an easy way of creating new features. James writes, ‘I released Lchains MGW, so far not so many bugs at all, and I got the InstantDEX ported into new structure in 2 days. That includes making cgi, which I never did before. Need to debug it, won’t take long. Then we can get a GUI + core to test on unix. When Windows has SuperNET, then we can make a one click installer. My work is almost done.

‘With agents, especially supporting many languages, I just need to be advising other coders, instead of having to do it all myself. It is like completing the operating system, but there are not so many applications yet. That is why I am making reference applications like MGW, InstantDEX, etc.

‘echodemo is 50 lines of code, but it has all that is needed to make an agent. If you can parse and process JSON, that is all an agent needs to do. It is a JSON processor: JSON input -> JSON output. The agent system automagically gets the inputs from the entire SuperNET and returns the output to where it needs to go. All the networking is abstracted out of it.’

If you want to join development, join SuperNET Slack channel #agents.

Dev assets

SuperNET will be issuing SuperNET Dev assets / “carreer assets”.

The dev will own 90% of this, SuperNET 5% and 5% is dividended out.

100% of a devs earnings from SuperNET is pushed through this asset, so investors can for the first time directly invest in the future earnings of a specific dev. Also, each dev will have a high priced sell wall, so people that want to donate can just pay the above market price.

James writes, ‘Last year I had this idea for artists/athletes, but they are entangled in real world contracts and agents, and therefore problematic, also making sure that they honor the dividend commitment is even more problematic and would require real world contracts.

But the basic idea is sound, ie allow a talented professional to capitalize their future revenues. This allows such a talent to avoid the “starving student” years by selling off part of their future earnings. It also allows investors for the first time (!) to invest in a specific dev, instead of the projects a dev is involved in. Granted, these assets can only assure investors that revenues from SuperNET are paid out, but since it is based on trust in a specific dev, the asset is directly related to the trustworthiness of the dev and his/her future potential’.

Dividend sent

BTCDdev and longzai assets have been sent to SN holders as SuperNET Slack reached 777 users.

MGW agent

James now uses Lchains to make deposits to MGW. Integrating Lchains makes it significantly faster: ‘Tx 14981284329551545928 is the first automated Lchain MGW deposit. I still need to get the stats reporting fully debugged, but withdraw is the next (and last) thing needed to be done for MGW to be ready for larger scale testing. Latest really really fast ramchain has regenerated 300K BTC blocks in 10 hours. Since it used to take more than 10 days, this is quite a speed boost and also enables debugging at a much faster cycle.

‘I added the ledgerchain code to the (literally) 7th iteration of the ramchain generation. It still will take some minutes to restart from scratch, but if that becomes an issue I already figured out an instant start solution.

‘I had to get the BTC MGW not only working, but fast to run and fast to start and fast to regenerate. These actually are three completely different problems and each one not so easy, but the latest solution is getting close to the “speed of light” type of barrier where I can’t see how to make it go much faster. Maybe someone smarter than me will find ways to make it go even faster… oh, it uses a lot less RAM too. When the code is really optimized, both the algorithm, resource usage and code, then it starts becoming harder and harder to improve it.’

Lchains are the evolved form of ramchains in which ramchains are used to create another layer of data, i.e. the ledger. Learn more about Ramchains here: http://test.nxter.org/?p=7826

Test it

BTCD Lchains MGW is ready for testing. The same code for BTCD MGW is used for BTC MGW. Instructions:

The above is the proper syntax to query the MGW servers via the relays.

Small fees to cover server costs

‘MGW [Nxt asset ID 10524562908394749924] has a valuation that is 10% of InstantDEX, actually a bit less due to server costs. I added a bit of withdraw fee (0.05%) and nobody complained, so maybe it can cover server costs from there’.

InstantDEX agent

InstantDEX (Nxt asset ID is looking great:

James writes, ‘I predict I will reach code complete (meaning only bug fixes left to do) for my portion of InstantDEX on / – what day is today? – / – [tuesday] – / – cool. I think I am at code complete’.

‘The first version will be limited to a few thousand nodes. There are other components too; still a wider scale beta test is hopefully possible soon as the MGW servers are being configured, windows actually got past init and recv packets and the GUI is looking good. Quite a few parts to put all together and we will need as many testers as possible’.

It is still unix only, if you’re interested, join SuperNET Slack channel #testing-instantdex

‘The advantage to testing early is that you will be able to take advantage of the arbitrages that InstantDEX will find automatically for you. I still have improvements in the core I want to do, but I think I can do this as the rest is being finished. I don’t like the long time it takes to regenerate orderbooks, but from the Lchains work I have a way to realtime update NXT tx so it takes no time.

Once I use that for the NXT AE orderflow, then it should be able to create orderbooks in less than 1 second. That and making a dynamic topology for efficient native InstantDEX orderbook propagation. I hope to get both things working this weekend, just might be a long weekend, but when it is done, then we will be able to handle thousands of active InstantDEX traders.’

Cryptosleuth, working on the GUI, writes, ‘I am trying to make it so mostly everything can be customized. The charts on the right you can switch between candlestick/line/areaspline atm, and I am thinking of some other things you can put in there, like combining two to make a mini orderbook/place order window to trade multiple markets easy. I haven’t spent much time on extra things that aren’t needed at GUI’s core.’

PrivateBET agents

Btcddev will be writing a set of C-based agents. The decentralized relays will act as a clearinghouse of all available bets, results, etc. By using the agents method, the problem is divided into several pieces, each becoming a single purpose agent.

Data feed

‘We have the data feed agents, which are there to get (for example) the sports results published to SuperNET – they don’t have to deal with exactly who needs to get it, etc, as SuperNET handles all that. Just get the data and publish.’

Privatebet

‘Now, SuperNET has this data about the sports events and any client with the Privatebet client agent will be able to browse and subscribe, but most importantly the end user will be able to post privatebets, and all the other privatebet clients will be able to find all the available privatebets. Then, similar to InstantDEX direct peer-to-peer process, they will verify terms, lock funds, and then when the event is completed release payment to the winner.’

Cashier Agent

‘There will be a generic cashier agent available to all the other SuperNET agents, so the process of payments is abstracted. At first it will need to be for the same currency in matched amounts, but later I will allow matching X amount of this currency for Y amount of that currency. Of course if the market moves, the value changes, but this is part of the fun.

‘The handling of monies can of course be monetized using the golden rule. Just a percentage of bets to be kept, and the privatebet itself is not needing a bankroll.

‘When the privacy agents become available, betting will be private. In the meantime if you are in USSA please don’t use this, as it is most likely not allowed. Unless you are in Las Vegas, or one of the 14,000 Indian casinos…

‘Since there isn’t a lot of liquidity on the sell side, I can offer bulk amounts direct in BTC or NXT, 1% discount from market price per BTC to a max discount of 20%, but only for a limited time and total amount. PrivateBET [asset ID 17083334802666450484] is majority owned by NXTprivacy [ID 17911762572811467637], which SuperNET has 25% stake in.’

Crypto777

Dividend

James has donated a significant proportion of his new Crypto777 asset (id: 13476425053110940554) to SuperNET. 7.5% / 7.5% / 5% has been donated to SuperNET / NXTventure / JLH, and 24%+ has been sent into the SuperHODL account.

James writes, ‘Yes, I did just put in nearly half of crypto777. It is now the fourth core asset and I didn’t want there to be any resistance for its usage within SuperNET. What is good for crypto777 is good for SuperNET. The crypto777 donated to SuperNET has added around 30 NXT to UNITY’s NAV’.

Crypto777 is a pipeline asset, and the dividend won’t be made for some time. ‘Current AE orderbook sells need to be cleared and the tech needs to be in beta release or very close’, James writes.

How is crypto777 going to be monetized?

‘There are several ways it can be monetized. It is not officially out yet, I just had a bit of spare time so wanted to get it all in place. It will take some time to get ramped up for the selling of services. It is not a short term thing.

‘The backed and pegged system aims to make a blockchain-enforced mechanism to allow people to get interest on their crypto holdings and there will also be a bid/ask spread built into the blockchain, so these are two sources of monetization.

‘Additionally my idea for providing crypto consulting services to fiat companies, especially with tech like Lchain, well just a few big contracts and it will be making for quite a large cashflow. With the agents system that I will extend to have crypto777 primitives, customizing private blockchain (or even nochain) will be much more efficient than making something from scratch.’

Crypto777 aims to ‘be the tech that solves the final unsolved things about crypto’:

Blockchain bloat

Price volatility

Inconsistent blocktimes

Too easy to get hacked

‘With the new SuperNET agents system, I am seeing how many parts can be done in a nice and simple way and reducing the scope of the remaining issues, but this is not an easy problem to solve, as a fully decentralized fiat peg is kind of hard to do. Consensus Research (andruiman and kushti, https://nxtforum.org/consensus-research/) is helping from the theoretical and math side and will even be doing a white paper, which everybody seems to like so much.

Job offer to technical sales creature

‘I am seeing literally dozens of companies getting millions of dollars, and the tech they are needing doesn’t seem to be very much advanced. So, I think with the crypto777 agents system, it would be possible to create customized solutions for corporates, especially the ones with tons of VC money and not enough devs.

‘I need somebody to take the lead for developing this service. We can offer fixed price contracts (for projects with very high confidence levels) so there won’t be any budget risk.

I think contracts in the $50,000 to $100,000 range are possible. Such contracts at first would need to be done by myself, so clearly can’t get this sold in the near term – then again, maybe if we had budgets like that, we can hire coders to work under my guidance. Net profits would be going out as dividends. So if you have experience with technical sales to corporates, contact me.

‘I think some sort of bounty for business brought in and/or percentage of deal flow makes this worth the while for someone who already has the contacts. And if you have experience managing dozens of coders doing half a dozen projects, then this could ramp up into a nice amount of business.’

1%-20% discount on core assets

James writes, ‘I can offer a discount of 1% off of marketprice per BTC, up to a max of 20% off. I accept BTC, NXT, maybe even other things’.

‘Short term I think NXTcoinsco/Tradebots will be pretty good, medium term NXTprivacy or Privatebet, and longer term crypto777. Maybe allocating among these would be a good balance of risk/reward. I can make a single bundle for you at the standard discount.

‘Tradebots/NXTcoinsco gets 30% the revenues that InstantDEX asset holders get, so from a valuation standpoint it is worth at least 30% of InstantDEX. Additionally it will get monetization from the tradebots leasing that it facilitates, it might even do some trading itself. Other than NXTprivacy I think it is one of the most undervalued. But NXTprivacy is further out, so it is longer term hodl.’

SuperNET Services updates

Jay

Jones is creating a Chrome extension for the next version of Jay. ‘With jay v.2 as a browser plugin, it will allow transactions to be made by clicking on the TX_ codes generated, so making trades quickly will be possible in a web application setting. Working as fast as I can :)’.

Cryptocard

Semi-anon card from Coinomat
Nxt asset ID: 7110939398145553585

Coinomat: ‘The bank we’re working with now is extremely slow, it is killing me. I found another solution, which seems perfect. The old card will work too. The new cards will be active starting from next week. ’

Card loading will cost 1% + $3. ‘The purchase price will be lower than for the old card.
After we launch this, cryptocard asset will be brought back to life. This is a matter of days.’

‘This API expansion has, besides clarity and completeness, another big advantage. Wrapped into an additional client module, it can be used as a tool to teach trading and explain strategies. There are thousands of sites offering online courses/classes, so a good affiliate program is a win/win for all and helps to spread FinHIVE awareness. Just a handful of affiliations would be sufficient because they are multiplicators. And a trader who used these tools could convert into a loyal customer over time. Moreover, since this module contains not only the definitions/visualization (like a TA encyclopedia) but also the current and historic performance (each symbol get its own data profile, containing the performance for all known indicators) compiled from profiles, it goes much further than all other tools at the market. This is just an additional revenue stream by recycling stuff, from other stuff we need anyway, so it makes sense.’

Now I’m wrapping all this stuff, including the new descriptions and previous components, into the final API, starting the performance-statistics and signaling for all TA components on each symbols.’

‘A clever mind will recognize quickly how to utilize, dense and pipe all this stuff here into something meaningful, to shift probabilities into desired direction. The reference client later will make things much easier then. Now it’s only useful for some devs.

‘Besides visualization it will also contain a complete TA encyclopedia and all stats and tools to build trading systems by simple booleans, including backtesting. And some other useful stuff of course. I guess latest when SkyTrade and SkyBot appears, we will gain a decent level of attention.’

James: ‘I don’t think many people realize how powerful InstantDEX+SkyNET will be.’

Pangea Poker

Decentralized Poker
Nxt asset ID: 6883271355794806507

Valarmg writes, ‘The first 90% of software development takes 90% of the time. The last 10% takes the other 90% of the time, according to the main dev. So it feels like we are close to the first playmoney release, but there are lots of small parts to finish off.

‘The only good news about these delays is that the structure of SuperNET has changed into a much more modular architecture in the last few months, so it’s a much better time to try and integrate a project than earlier in the year.’

Freemarket

Decentralized Marketplace
Nxt asset ID: 134138275353332190

A new FreeMarket version 1.4 now available.

Knuckle writes: ‘This is our best version yet. There are a couple of new features to make FreeMarket easier to use: New, separate views for sellers (View Your Active Items, View Your Sold Items, View Your Expired Items, and View Your Pending Sales). We have revamped the Relist feature so that it will only relist the quantity of an expired item that didn’t sell; for example, if you listed 10 of an item, sold 3, and then the item expired with 7 unsold, Relist will put 7 of the item up for sale again.’ Trade at http://nxtfreemarket.com.

SuperNET Core Coins

Bitstar

t3cltd writes, ‘Connecting the ATMs to InstantDEX is the ultimate goal. We are waiting on a number of things, not least of which for InstantDEX to be fully tested and operational in order to then be able to set the ATM real-time trade orders to automatically be handled by InstantDEX. I’m hoping to not have to set them on a centralised exchange process at all.

We’re in one of those situations that could see it all happen in double-quick time once we reach a certain point, or it could remain bogged down in inching forward as elements are put in place. InstantDEX is a critical part of everything both SuperNET is doing and the ATM side of things. It is critical that it be given the attention it needs to test fully and prove itself as the first decentralised trading platform in the industry.

Any revenue that SuperNET earns from the ATMs will come from the transaction fee generated through InstantDEX.

BTCD

BitcoinDark has started a new feature in recent weeks: dividend payments to stakers. This was always a plan for BTCD, with stakers receiving a proportion of revenues from InstantDEX and SuperNET, as well as through inflationary ‘rewards’ (5% each: the 5:5:5 scheme).

Now, the MMBTCD asset (a market-making and mutual fund built on Nxt, that pays out in superBTCD) is paying 10% of weekly revenues directly to stakers. Each week, a call integrated into the core of BTCD creates a list of all recent stakers, then pays them a proportion of the total dividend, depending on how many blocks they staked. Unlike paying stakers in proportion to their stakeweight, this rewards clients who stake 24/7, maintaining the strength of the network. BTCD is the first gen1 currency to include such a feature.

A script written by Btcddev enables anyone to make use of the functionality. Once it has been tested, it will be integrated into the new BTCD client, and ‘that way, BTCD can really be attractive as an asset. Anyone can easily pay divs using btcd’s network for his service.’

‘Anyone who wants to use btcd for a revenue generating service might consider paying dividends to stakers. They keep the network going, and the value of the BTCD (and therefore the service itself) will rise. A case in point is InstantDEX’, writes Btcddev.

Btcddev continues, ‘The getstakers command outputs number of blocks staked, not how much you staked. So if you stake constantly and find 10 blocks in a week, you will receive 10x the payment than if you turned it on for an hour and staked 1 block, even though you staked the same number of BTCD’.

For upcoming dividends, as well as the 10% revenues from MMBTCD, James is donating 100 BTCD (this week only), mivond is donating 10% of revenues from bitcoindarkdice.net.

‘Think about this. Once InstantDEX and other major services begin generating money, a large percentage of the new money supply will be bought as BTCD and paid to stakers, reducing inflation. It would be nice if BTCD bought reached greater than or equal to number of coins staked.’

FIBRE

The Fibre project has released the first game in its series, Fibre SkillShot created with Unity3d technology. Integration of digital currency payments and incentivized tournaments are already in development. Fibre will also be partnering with another game project. More details coming soon.

FibreLock v2 is a new way to secure your wallet guarding against Key Loggers, Mouse loggers and brute force password attacks. It works by combining multiple methods for the wallets passphrase making it near impossible to predict while rendering most malware useless. FibreLock v2 like its previous version will also be integrated into the Bitcoin C wallet as a proof of concept.

FibreTeam has started working on FibreOS 2.0 and hopes to release it soon.

FibreOS 2.0 will utilize a custom, optimized and hardened Ubuntu environment together with full TOR support. Serving as cold storage will include all Core Coins wallets, SuperNET wallet and InstantDEX – SuperNET’s Decentralized Exchange.

FibreOS 2.0 will be delivered with a device which you can take anywhere you go, plug in needed components, stake your coins on it and install anything you need additionally.

PayExpo2015

Nxt enjoyed a solid presence at the conference.

Bas Wisselink (Nxt Foundation) writes, ‘Nxt was one of two booths for crypto, the other being GetCredits. We got some pretty high level attention, for which we are now going to do follow ups. We’ve talked to a lot of people from both the banking and payment industries. They don’t actually hate Bitcoin or crypto, but Bitcoin is definitely not being considered as much as you’d expect’.

‘They have seen the potential of the new technologies. They see more opportunities in newer tech that is built with new ideas, but taking the innovations of bitcoin, and they already know Bitcoin will be obsolete quite soon. And why would one go with obsolete technology?’

‘Uses that people are looking for are primarily secure and auditable ledgers and tokenisation. For the “developed” world, the currency angle doesn’t really strike a chord, but for the “developing” world, the currency side is potentially HUGE. We got a few people wanting to work on that. One of the lessons here is to look for solutions that actually solve a problem for a large demographic’.

TipTap

TipTap is a tipping application. The service is completely free of charge. Forever’.

‘Unlike other tipping services, TipTap uses the Nxt blockchain to facilitate the tipping micro-transactions, thus it doesn’t rely on any centralized ledger. Currently TipTap is compatible with Reddit, Slack and Twitter; 3 of the largest and most used platforms today’.

To get this moving, an official Tipping Fund of more than $2200 (200.000 NXT) is paying weekly prizes to tippers who join @ http://www.wetiptap.com and use the service to spread NXT.

To The Mooooon

NXT ATM in Vienna

Coinimal writes, ‘We have established the world’s first NXT ATM’.

‘The ATM is placed in the ‘Gretel’ café in Vienna’s most popular shopping street, Mariahilfer Strasse. The purchase process takes only a few seconds and after insertion of the desired cash amount into the machine, it automatically sends the equivalent in Bitcoin or NXT to the desired address. The beauty of this ATM is, that we were able to jointly expand the General bytes software so that this machine has the opportunity to issue NXT’.

Hackco.in London Hackaton

The aim of HackCoin is to catalyse investment into the digital currency startup community during the Hackathon Day and beyond (prizes are focused on helping to fund ideas).

The subject in London is Smart Bonds and Digital Identity, and the hackers are going to be working with NXT API. ‘This galactic event will be held on June the 20th in Level 39, Europe’s largest FinTech hub. UP TO twenty of world’s best hackers and developers will gear up and craft their socks off on universe’s most creative Blockchain 2.0 FinTech ideas’, writes crypto scout.

danosphere writes, ‘We’re working with vanbreuk to get SYS into the MGW + Android SuperNET wallets as soon as possible. There are some code updates happening to MGW which James is working on so we’ll be added once that refactoring is completed. Shouldn’t be too long, James is always working.

VPN

BitNet Lottery is the first P2P blockchain Lottery, an open source Fair Lottery.

James writes, ‘When i finish with the urgently needed code for SuperNET in general, I will spend time to get VPNcoin properly integrated into SuperNET. ]I think the decentralized load balancers could become a pathway for the windows VPN services provided by VPNcoin’.

‘Everything started to be built on the 5th of May and was presented and demo working on the 20th of May. With all the media that is looming around it I need to close it in Greece with government or private association. We already have one assocation interested in taking drachmaeconnect as a business barter network.’ The project has potentially huge significance. ‘It’s not just about Greece. Greece is the test dummy of what will happen to Italy, Spain, Portugal… I am arguing with the EU Commission over drachmae as they don’t like the idea – this could be a solution.

Damelon writes, ‘This project, even when not viable, has generated more high level attention than 4 months of articles on things like CoinTelegraph. It gets people talking and that for me is its most important function.’

SNRN

Lottery‘Anyone holding 50 SNRN asset will be entered into the lottery for 1/2 ounce silver (starting next month… maybe this month…), 500 will be entered in to win the 1 ounce supernet coin, 5000….. will be a surprise (3-6 months away). Thank you for your support.’ Nxt asset ID: 3501237268087927815

BTCOR

BTCOR Group Investment supports SuperNET in alignment with a profit-for-change paradigm, and it’s the first NXT asset to utilize Nxt’s revolutionary Monetary System technology and Asset Exchange to generate dividends on stored wealth. BTCOR and its SERIES VENTURE wealth storage facilities allow for holding/storing value in the form of ASSETS, GOLD, SILVER, BITCOIN and the US DOLLAR.

BTCOR is the parent asset and is the simplest choice for investment. Funds received through sales of the BTCOR asset will be used to appreciate value for shareholders by investing primarily in SuperNET’s technology, core coins, and assets and by seizing any other opportunities the Executive Board may deem advantageous. Any dividends received by assets held in the BTCOR Treasury will be redistributed proportionately to BTCOR shareholders on a monthly basis.

Altnuts Mining Pool

If you want to mine SuperNET Core coins, this is a place to go. AltNuts V2 charges 0% Fees.

Coins that are accepted into the SuperNET, also known as ‘Core Coins’ represent some of the most promising innovations in blockchain technology available today. The SuperNET Multipool, brought to you by AltNuts – has been created as a way to mine currencies from within the SuperNET that aren’t traditionally minable. You can connect directly to the multipool with your ASIC or GPU miner and be paid in the SuperNET coin of your choice.

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Quote from: mael on Today at 07:53:25 pmother thing: the adress who got my NXT (NXT-XVBJ-B8VA-Q7MB-HGZXQ) has received a lot of transactions the same day, same hour. What's this ?This appears to be someone run...

yes, I will do that for Ignis snapshot.I just trusted bter when they announced they will take the Ardor Snapshot.Look, this is what you can find looking on archive.org a version of bter main site on September, 18th, 2016[url=https://web.archive.org/...